Blow-Off Top? Trader Warns Next Move Might ‘Devastate’ Investors | Chris Vermeulen

Watch on YouTube ↗  |  April 30, 2026 at 21:11  |  35:18  |  The David Lin Report
Speakers
Chris Vermeulen — Chief Market Strategist, TheTechnicalTraders

Summary

Chris Vermeulen discusses his current long positions in equities (S&P 500, NASDAQ, QQQ) and energy (XOP), while avoiding gold, silver, and being bearish on Bitcoin. He also sees short-term upside in real estate ETFs but expects physical home prices to fall. He emphasizes following trend and money flows over news.

  • Vermeulen is long S&P 500, NASDAQ, and QQQ, citing strong money flows.
  • He is also long the energy ETF XOP, expecting energy stocks to do well.
  • He avoids gold and silver, seeing mixed signals and potential sideways action.
  • He is bearish on Bitcoin, pointing to a bearish flag pattern and lower targets.
  • He sees a bullish technical pattern in the real estate ETF IYR.
  • He expects physical home prices to drop sharply by end of year.
  • He warns of a major market correction long-term but trades with the current trend.
  • He advises against trading oil futures due to extreme geopolitical volatility.
Trade Ideas
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 3:46
Equities are the best asset now.
Money flows and sentiment are bullish for equities. The S&P 500 and NASDAQ are in uptrends, approaching key targets. Equities are the only asset class standing out, and we follow the trend. We are long via QQQ and a band strategy.
SPY QQQ HIGH
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 11:49
Energy stocks will hold up or move higher.
Energy stocks benefit from high oil prices and geopolitical uncertainty. We are still long XOP (energy ETF), having already hit a target. Oil is likely to stay elevated, supporting energy companies.
XOP HIGH
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 19:06
Gold and silver are dead money now.
Gold and silver have mixed signals: long-term trend still up but short-term trend down. The consolidation could be a bull flag or lead to deeper pullback. They could trade sideways for years. I am not interested until they scream buy.
GOLD SILVER MED
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 26:21
Bitcoin is bearish, headed lower.
Bitcoin has a bearish chart pattern (flag) with long-term trend down. It points to 50-52k on the next leg down. Short-term is mixed but odds favor lower. I would consider shorting or buying an inverse ETF if downtrend resumes.
BTC HIGH
Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 30:08
IYR has bullish pattern, likely higher.
The real estate ETF IYR shows a bullish technical pattern pointing to about 5% upside. Sentiment is shifting to defensive plays, and real estate is benefiting from uncertainty in tech. The pattern is bullish and likely to play out.
IYR MED
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This The David Lin Report video, published April 30, 2026, features Chris Vermeulen discussing SPY, QQQ, XOP, GOLD, SILVER, BTC, IYR. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Chris Vermeulen  · Tickers: SPY, QQQ, XOP, GOLD, SILVER, BTC, IYR